Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Large Growth in Short Interest

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 150,933 shares, a growth of 158.7% from the November 30th total of 58,342 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 135,692 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 135,692 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of Invesco Aerospace & Defense ETF

Several large investors have recently modified their holdings of PPA. BOK Financial Private Wealth Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after acquiring an additional 80 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $26,000. Briaud Financial Planning Inc purchased a new stake in Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $27,000. Binnacle Investments Inc raised its position in shares of Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco Aerospace & Defense ETF during the 1st quarter valued at approximately $32,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock traded down $1.16 on Friday, hitting $158.94. The stock had a trading volume of 92,857 shares, compared to its average volume of 200,080. The stock’s 50 day moving average is $153.63 and its 200-day moving average is $149.05. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $160.49.

About Invesco Aerospace & Defense ETF

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.